The festival, which has received government funding in previous years to promote tourism, received about $120,000 from the province and $250,000 from the federal government from the Canada 150 fund to tour to six cities.

The giant rubber duck is based on similar floating structures by a Dutch artist that have travelled world

Ryan Whaley, the co-owner of this duck, says that he came up with the idea to build it with a friend three years ago when they decided that nobody could ignore a giant yellow duck.

The official unveiling happens at 11 a.m. on Canada Day, and the duck will then pack up to head to Owen Sound on July 3.

Rick Madonik via Getty Images
The giant rubber duck will be in Toronto for the Canada Day long weekend. (Rick Madonik/Toronto Star via Getty Images)